Business #Coronavirus: German Minister Commits Suicide Over Covid-19 Financial Worries

#Coronavirus: German Minister Commits Suicide Over Covid-19 Financial Worries

-

- Advertisment -

The finance minister of Germany’s Hesse state, Thomas Schaefer, has committed suicide over worries on the economic crisis arising from the Covid-19 outbreak, the Strait Times has reported

Mr Schaefer, 54, was found dead near a railway track on Saturday. The Wiesbaden prosecution’s office said they believe he died by suicide.

The state premier, Volker Bouffier, said on Sunday that Mr Schaefer committed suicide apparently after becoming “deeply worried” over how to cope with the economic fallout from the coronavirus.

Mr Bouffier said “We are in shock, we are in disbelief and, above all, we are immensely sad.”

Hesse is home to Germany’s financial capital, Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt.

Mr Bouffier recalled that Mr Schaefer, who was Hesse’s finance chief for 10 years, had been working “day and night” to help companies and workers deal with the economic impact of the pandemic.

“Today, we have to assume that he was deeply worried,” said Mr Bouffier, a close ally of Chancellor Angela Merkel.

“It’s precisely during this difficult time that we would have needed someone like him,” he added.

Popular and well-respected, Mr Schaefer had long been touted as a possible successor to Mr Bouffier.

Like Mr Bouffier, Mr Schaefer belonged to Ms Merkel’s centre-right CDU party.

He leaves behind a wife and two children.

Outbreak

Germany like other countries across Europe is struggling to combat the Covid-19 outbreak.

As of the time of reporting, Germany has recorded 58,247 case of the disease with 552 deaths.

Ms Merkel has also been in quarantine for some days after testing positive for the virus.

The outbreak has had a negative impact on economies across the world and Germany is one of those worst hit.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Lokoja Residents Groan as Floods Splits Road Into Two

Kogi residents have called on the Federal Government, National Emergency Management Agency (NEMA) and the State government to come...

Sanwo-Olu Approves Reopening Of Public, Private Schools From September 21

Nursery Classes, Daycare Remain Closed Governor Orders Mass Integrity Test On Schools’ Structures Lagos Allows Reopening Of Gym,...

#EdoElection: NSCDC Deploys Additional 1,998 Special Force for Poll

The Commandant General, Nigeria Security and Civil Defence Corps “NSCDC”, Abdullahi Gana Muhammadu, has approved the deployment of an...

Jimi Johnson, To Be Buried in Abuja Tomorrow

Burial Announcement - Profile & Obituary Of Jimmy Johnson By Children  The family of Jimmy Johnson Retired Senior Civil Servant/Veteran...

Revoke CAMA Or Face Legal Action, SERAP Tells President Buhari

The Socio-Economic Rights and Accountability Project (SERAP) has asked President Muhammadu Buhari to revoke his assent to the Companies...

Imo State Govt, WHO Launch Innovative Mobile Health Programme

The Governor of Imo State, His Excellency Hope Uzodinma on 19 August 2020, launched the innovative Mobile Health Insurance...

Must read

Lokoja Residents Groan as Floods Splits Road Into Two

Kogi residents have called on the Federal Government, National...

Sanwo-Olu Approves Reopening Of Public, Private Schools From September 21

Nursery Classes, Daycare Remain Closed Governor Orders Mass...
- Advertisement -

You might also likeRELATED
Recommended to you